According to BlockBeats news on June 20, data disclosed by GLC Research shows that it has been two months since the Aave DAO launched the AAVE Token buyback and fee conversion, and the protocol has consistently adhered to its plan to buy back $1 million each week. As of today, the Aave DAO has repurchased 50,000 AAVE at a total cost of $10 million, with an average purchase price of $199.74. Based on the current market price of $264, this fund reserve is now worth approximately $13 million. The Aave DAO is expected to continue its weekly $1 million buyback plan for the initial 6 months.
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Since the launch of the AAVE Token buyback, 50,000 Tokens have been repurchased at an average purchase price of $199.74.
According to BlockBeats news on June 20, data disclosed by GLC Research shows that it has been two months since the Aave DAO launched the AAVE Token buyback and fee conversion, and the protocol has consistently adhered to its plan to buy back $1 million each week. As of today, the Aave DAO has repurchased 50,000 AAVE at a total cost of $10 million, with an average purchase price of $199.74. Based on the current market price of $264, this fund reserve is now worth approximately $13 million. The Aave DAO is expected to continue its weekly $1 million buyback plan for the initial 6 months.